Banking and Finance

The European Banking Authority (EBA) has launched a public consultation on new guidelines concerning the authorisation of third-country branches (TCBs) under the Capital Requirements Directive (CRD). The consultation represents a ...

The Central Bank of Cyprus (CBC) has announced that the reference interest rate used to define the criminal offence of usury has been set at 11.84 per cent. The determination of ...

Wellington Management Group LLP has reduced its voting rights in the Bank of Cyprus Holdings Public Limited Company to below the 5 per cent disclosure threshold, according to a regulatory filing. ...

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ ...

The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator and supervisor, announced that cyber risk and digital resilience will remain central to its Union Strategic ...

The Central Bank of Cyprus (CBC) announced on Friday that Cyprus’ household and corporate debt levels continued to decline in the second quarter of 2025, as both sectors benefited from higher ...

The European Central Bank (ECB) decided to keep its deposit rate unchanged at 2 per cent for the third consecutive meeting, a move that many economists see as confirmation of a ...

Anti-Money Laundering Authority (AMLA) chair Bruna Szego, visited Cyprus on Thursday, as part of her tour across European Union member states to enhance coordination between AMLA and National Competent Authorities (...

The House on Thursday passed a law aiming to tighten up screening of Foreign Direct Investment (FDI) where such investments are deemed to possibly impact national security. The controls will ...

The European Central Bank kept interest rates unchanged at 2 per cent for the third meeting in a row on Thursday and offered no hints about future moves as it enjoys ...

The Cyprus Securities and Exchange Commission (CySEC) has marked its participation in World Investor Week with a series of targeted information and education initiatives focusing on the challenges of today’...

The European Central Bank (ECB) announced this week that the net saving of the euro area economy increased in the four quarters leading up to the second quarter of 2025, while ...

Bank of America (BofA) Securities confirmed its positive stance on the Greek banking sector this week, stating the banks are undergoing a transitional period as markets focus on the trough ...

Euro area banks reported a small net tightening of credit standards for loans or credit lines to enterprises in the third quarter of 2025, with a net percentage of 4 per cent, ...

Barclays will buy US personal loan originator Best Egg for $800 million, the British bank said on Tuesday, as it tries to add scale in its personal banking business in the ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has called for an urgent and substantial reform of the bank’s governance model, arguing that the current structure is obsolete and ...

Eurobank’s board of directors has called shareholders to an extraordinary general meeting on December 3, 2025, to approve the merger of Eurobank S.A. with Eurobank Holdings S.A. through absorption ...

Piraeus Bank has been upgraded to the investment-grade rating of ‘BBB-‘ by Fitch Ratings, marking a significant development as the bank is now assessed at investment grade by three of ...

The European Central Bank will likely keep rates on hold again on Thursday as traders waver on whether it will resume easing next year. Renewed US-China trade tensionsprompted caution in ...

The Central Bank of Cyprus (CBC) announced on Monday that it is renewing the deadline for individuals and legal entities to submit requests for reduced legal expenses related to bank ...

Jefferies has reaffirmed its positive outlook on Greece’s two largest banks, the National Bank of Greece (NBG) and Eurobank, ahead of their upcoming third-quarter 2025 financial results. The investment firm ...

Deposits in Cypriot banks rose sharply in September, while lending also strengthened, reflecting resilient liquidity and stable credit demand, according to the Central Bank of Cyprus (CBC).  In its Monetary ...

Alpha Bank saw strong investor demand for its first-ever green senior preferred bond, marking its return to the international capital markets following the restoration of its investment grade rating. The ...

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has detailed the key risk drivers currently facing EU financial markets as geopolitical events continue ...